Trump Media plans paid fast access to top Truth Social posts
The Truth PSI service would send posts from leading Truth Social accounts to traders and other customers in milliseconds.
By Daniel Okafor · Business Editor
3 min read
Trump Media & Technology Group plans to sell high-speed access to posts from major Truth Social accounts, a service aimed at traders and institutions that seek market-moving information in milliseconds. The plan has drawn conflict-of-interest concerns because President Donald Trump is the platform’s dominant user and the largest shareholder of its publicly traded parent company.
The company said Thursday that the product, called Truth PSI, is expected to start next month and already has customers signed up. A company press release said the service would give users rapid access to posts from “the highest-ranking Truth Social accounts,” but did not list pricing.
Trump has 12.9 million followers on Truth Social, more than any other user, according to the company information cited in the announcement. His son Donald Trump Jr. ranks next, followed closely by Eric Trump.
The release did not say whether the president’s posts would be included or excluded. Trump Media did not respond to emailed questions about that issue, and the Trump family company declined to comment on whether the service would profit from the presidency.
Market-sensitive posts
Trump has used Truth Social in recent months to discuss major government actions and policy matters, including the war involving Iran, tariffs and Immigration and Customs Enforcement activity in U.S. cities. Such posts can be closely watched by investors because they may affect expectations for stocks, bonds, interest rates and commodity prices.
Posts about Iran have particular market relevance because investors have been focused on oil prices, inflation and the Federal Reserve’s possible response to price pressures. A faster feed of presidential posts could give paying customers an edge over users who see them through normal channels.
Kathleen Clark, a Washington University School of Law professor who specializes in government ethics and conflict-of-interest rules, criticized the service. Clark said Trump would be selling faster, privileged access to information about his actions as president, calling it an improper use of public power for private gain.
Clark said federal conflict-of-interest law would bar most U.S. government officials from owning a company that profits from their office by selling access to decisions communicated through public posts. She noted that the president and vice president are excluded from that provision.
According to Clark, presidents since the law was enacted have generally acted as though it applied to them by selling individual stocks, divesting business interests or using blind trusts. Trump has declined to take those steps.
New revenue push
Trump Media has been trying to broaden its business beyond Truth Social. The company has pursued projects in crypto, financial services and nuclear fusion, and recently replaced longtime CEO Devin Nunes with Kevin McGurn, a media executive.
In the company’s announcement, McGurn described Truth PSI as part of a plan to make money from the company’s proprietary assets. He said he expected the service to become a continuing source of revenue.
Trump Media shares have fallen more than 70% since Trump took office last year, wiping out $6 billion in shareholder value. The stock rose 0.6% Thursday to $9.63; before Trump took office last year, it closed at $40.
The losses have added to scrutiny of Trump-linked ventures. Trump’s annual financial disclosure showed more than $1 billion in revenue last year from companies and offerings tied to his holdings, while investors also have sustained billions of dollars in losses linked to new Trump family crypto businesses.
This story draws on original reporting from Fortune.